Streetbeat News

AAOI

Applied Optoelectronics, Inc.

Industry

Semiconductors

Applied Optoelectronics, Inc. designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, subassemblies, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment. The company sells its products to internet data center operators, cable television and telecom equipment manufacturers, and internet service providers through its direct and indirect sales channels. Applied Optoelectronics, Inc. was incorporated in 1997 and is headquartered in Sugar Land, Texas.

Open

23.66

Mkt cap

1.1B

Volume

17M

High

23.69

P/E Ratio

-4.91

52-wk high

44.50

Low

19.80

Div yield

N/A

52-wk low

6.70

THOR Industries reported better-than-expected quarterly earnings of 99 cents per share against estimates of 98 cents, with sales of $2.50 billion versus $2.498 billion expected, sending its shares up 6.5%. Other stocks also moved higher, with significant gains following positive earnings, clinical study results, strategic moves, and financial updates.

Portfolio Pulse from Lisa Levin

December 06, 2023 | 3:48 pm

In Friday's intraday session, several information technology stocks experienced significant movements. UiPath (PATH) saw a 26.6% increase after Q3 earnings release, while Mawson Infra Gr (MIGI), Samsara (IOT), Cleanspark (CLSK), Movella Holdings (MVLA), and Applied Optoelectronics (AAOI) also posted gains. Conversely, Minim (MINM), Bit Origin (BTOG), Sigma Additive Solutions (SASI), Oblong (OBLG), BIO-key Intl (BKYI), and Rubicon Technologies (RBT) experienced declines.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 5:30 pm

Applied Optoelectronics Inc (NASDAQ:AAOI) stock dropped 7.6% after announcing a proposed private offering of $80 million in convertible senior notes due 2026. The proceeds will be used to repurchase existing 5.00% Convertible Senior Notes due 2024. The offering and subsequent repurchases may affect AAOI's stock price and the initial conversion price of the new notes.

Portfolio Pulse from Henry Khederian

November 30, 2023 | 5:44 pm

Applied Optoelectronics, Inc. (AAOI) plans to offer $80 million in Convertible Senior Notes due 2026, exempt from the Securities Act registration. The Notes will be senior, unsecured, and potentially guaranteed by future subsidiaries. Proceeds will fund repurchases or exchanges of existing 5.00% Convertible Senior Notes due 2024. Market activities related to the 2024 notes may affect the stock and initial conversion price of the new Notes. The offering is for qualified institutional buyers under Rule 144A, and there's no assurance it will be completed.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 1:55 pm

Anavex Life Sciences Corp. (AVXL) shares dropped by 10% after reporting a Q4 net loss of $10.1 million, or 12 cents per share, compared to a net loss of $14.3 million, or 18 cents per share, in the same period last year. Other stocks experienced significant movements in Monday's mid-day session, with notable gainers including RedHill Biopharma Ltd. (RDHL), Biodexa Pharmaceuticals Plc (BDRX), and Tharimmune, Inc. (THAR), among others. Losers included 10X Capital Venture Acquisition Corp. II (VCXA), BioNexus Gene Lab Corp. (BGLC), and HCW Biologics Inc. (HCWB). Affirm Holdings, Inc. (AFRM) saw a jump of 13.7% following positive 'buy now, pay later' predictions for Cyber Monday.

Portfolio Pulse from Lisa Levin

November 27, 2023 | 6:41 pm

Ituran Location and Control Ltd. (NASDAQ:ITRN) reported Q3 earnings of 63 cents per share, up from 49 cents in the year-ago period, with sales rising 12% to $81.05 million. The stock rose 11.3% to $27.69. Other stocks also moved higher, including Affirm Holdings, IRSA Inversiones, EHang Holdings, Xenon Pharmaceuticals, Applied Optoelectronics, Corporación América Airports, Global-e Online, Telecom Argentina, Grupo Financiero Galicia, DRDGOLD, Roku, Crown Castle after an activist fund's stake, Teva Pharmaceutical following an UBS upgrade, and Shopify after announcing record Black Friday sales.

Portfolio Pulse from Lisa Levin

November 27, 2023 | 3:17 pm

Pagaya Technologies Ltd. (NASDAQ:PGY) shares dropped 5.8% in pre-market trading following the announcement of CFO Michael Kurlander's resignation to pursue an outside opportunity, with Evangelos Perros named as Interim CFO. Other stocks experiencing pre-market losses include TeraWulf Inc. (NASDAQ:WULF), Applied Optoelectronics, Inc. (NASDAQ:AAOI), Marathon Digital Holdings, Inc. (NASDAQ:MARA), Livent Corporation (NYSE:LTHM), and Foot Locker, Inc. (NYSE:FL).

Portfolio Pulse from Lisa Levin

November 27, 2023 | 11:00 am

Wynn Resorts, Limited (NASDAQ:WYNN) shares dropped by 8.1% despite reporting higher than expected third-quarter revenue and earnings per share. The company's revenue was $1.67 billion, surpassing the consensus estimate of $1.585 billion, and adjusted EPS was 99 cents, beating the estimate of 75 cents. The article also lists other stocks that moved in the mid-day session, with various companies experiencing significant gains or losses after reporting their financial results, guidance updates, or other corporate actions.

Portfolio Pulse from Lisa Levin

November 10, 2023 | 6:34 pm

Applied Optoelectronics' stock is trading lower after the company reported its third-quarter earnings, which likely did not meet investor expectations.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 5:02 pm

Applied Optoelectronics has entered into an exclusive distribution agreement with Digicomm International. Under the agreement, Digicomm will be the exclusive go-to-market supplier of AOI's Quantum12 Cable Amplifiers.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 12:07 pm

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